HOHindustan Oil Exploration Company500186Senior KMP change

CFO change: Debabrata Das appointed CFO from Oct 16, 2026; Allen Andrade resigns effective Oct 15, 2026

Board of Hindustan Oil Exploration Company Ltd (Oct 13, 2026): Mr. Debabrata Das appointed Chief Financial Officer w.e.f. Oct 16, 2026; Mr. Allen Joseph Andrade resigns as CFO w.e.f. close of business on Oct 15, 2026.

By ScoutQuest · Tue 13 Oct 2026, 5:57 PM IST · 2 min read

New CFO Appointment Date

Mr. Debabrata Das appointed Chief Financial Officer w.e.f. Oct 16, 2026

Outgoing CFO Cessation Date

Mr. Allen Joseph Andrade resigns as CFO w.e.f. close of business on Oct 15, 2026

Board Meeting Date

Oct 13, 2026

What the Board decided

• Mr. Debabrata Das was appointed as Chief Financial Officer of the Company with effect from October 16, 2026, based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.
• The Board took note of the resignation of Mr. Allen Joseph Andrade from the position of Chief Financial Officer with effect from close of business hours on October 15, 2026.
• Both items were transacted at the Board meeting held on October 13, 2026, which commenced at 2.45 p.m. and concluded at 3.30 p.m.
• Mr. Debabrata Das would be based in the Corporate Office of HOEC in Chennai.

The resignation

• Mr. Andrade has chosen to step down from the position of CFO for personal reasons.
• He will continue to support HOEC in the role of Financial Advisor to the Company, operating remotely from Mumbai, with visits to the Chennai Office on a need basis.
• His resignation letter, dated October 12, 2026, refers to his earlier e-mail dated July 08, 2026 regarding his decision to step down, and states that he has extended all necessary assistance to ensure a smooth transition of his responsibilities.
• In the disclosures, the date of cessation is given as October 15, 2026 and the reason recorded is personal reasons.

The incoming CFO

• Mr. Debabrata Das is a Chartered Accountant with over 20 years of experience in senior finance leadership roles across the energy, city gas distribution and infrastructure sectors.
• He has previously served as Group CFO at Haryana City Gas, Head of Corporate Finance at Adani Total Gas (a Joint Venture between Adani Group and TotalEnergies), and Lead – Project Finance at GMR Energy.
• The update states he brings expertise in fund-raising, capital structuring, and embedding governance and finance frameworks.
• He is not related to any Director of the Company.

How to read this

• This is a change in a key managerial position: the Chief Financial Officer of the Company changes on consecutive days, with the outgoing CFO ceasing on October 15, 2026 and the incoming CFO taking charge on October 16, 2026.
• The outgoing CFO steps down for personal reasons, and the update records that he will stay associated with the Company as Financial Advisor, operating remotely from Mumbai.
• The appointment follows recommendations of the Nomination and Remuneration Committee and the Audit Committee, and the incoming CFO's profile details prior senior finance roles in the energy, city gas distribution and infrastructure sectors.
• The disclosures show the incoming CFO is not related to any Director of the Company.

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